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By Marlene Y. Satter, AdvisorOne |
October 25, 2012
The decision came in a closed hearing after the bank said that public availability of the documents could have “extensive potential prejudice” on confidential regulatory investigations.
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By Marlene Y. Satter, AdvisorOne |
August 8, 2012
Not only was Standard Chartered apparently blindsided by the move, so were federal regulators; negotiations had been ongoing for some time for what the bank hoped would be a quiet settlement.
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By Marlene Y. Satter, AdvisorOne |
July 5, 2012
Moody’s cuts Barclays' outlook; investors may be on the hook for losses.
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By Marlene Y. Satter, AdvisorOne |
July 2, 2012
Barclays Chairman Marcus Agius resigned from his post after a LIBOR-rigging scandal resulted in a fine of 290 million pounds. CEO Bob Diamond remained at the helm despite calls for his ouster.
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By Marlene Y. Satter, AdvisorOne |
January 17, 2012
Banks in London are shedding staff, closing or cutting divisions and seeing pay fall as criticism by politicians, tighter regulations and falling profits take their toll on the financial services sector.